3148 Sixth Line
Rural Oakville, Oakville, L6M 4J9
FOR SALE
$8,500,000
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BEDROOMS3
BATHROOMS1
KITCHENS7
ROOMSW8297724
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Property Description
Attention Developers, Builders & Investors! 3148 and 3158 Sixth Line are zoned FD (Future Development) under Zoning By-law 2009-189. Both Lots are Approx 2 acres (430x186) The site falls under the Medium Density Zoning category, which means that it has excellent potential to be redeveloped for medium-density residential or mixed residential and commercial uses, which includes a variety of different housing options, such as up to 6 story low-rise condominium Building with the potential of uptown 150 units, a community of detached homes, freehold townhouses or approx. 56 stacked townhouses, depending on the architect's design 2 Acres With Zoning Of Medium Density Residential. Permitted Uses Are Townhouses, Detached Homes Or Condos. Both Lots are to be sold as a single entity.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2020-08-31 | 2020-09-06 | 6 | $3,500 | $3,500 | Leased |
Extras
Legal Des :3158 Sixth Line Part Lot 16 Concession 1 Trafalgar North Of Dundas Street As In 84360 3148 Sixthline Part Lot 16 Concession 1 Trafalgar North Of Dundas Street As In 756605
Nearby Intersections
Dundas & Trafalgar (149)
Dundas & 6th Line (175)
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
430' x 186'
Fronting
North
Taxes
$9,050 (2023)
Basement
Other
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
Built-In
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Oakville Market Statistics
Oakville Price Trend
3148 Sixth Line is a 3-bedroom 3-bathroom home listed for sale at $8,500,000, which is $6,964,556 (453.6%) higher than the average sold price of $1,535,444 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in Oakville increased by $34,840 (2.3%) compared to the previous 30 day period (March 15 - April 13) and up $94,556 (6.6%) from the same time one year ago.Inventory Change
There were 131 3-bedroom homes listed in Oakville over the last 30 days (April 14 - May 13), which is up 87.1% compared with the previous 30 day period (March 15 - April 13) and up 50.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Oakville typically sold ($12,711) (0.8%) below asking price over the last 30 days (April 14 - May 13), which represents a $6,174 decrease compared to the previous 30 day period (March 15 - April 13) and $68,667 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Oakville over the last 30 days (April 14 - May 13) stood at 40.5%, down from 115.7% over the previous 30 days (March 15 - April 13) and down from 93.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Oakville stood at 11 days when successfully sold over the last 30 days (April 14 - May 13), compared to 52 days before being removed from the market upon being suspended or terminated.Listing contracted with Sam Mcdadi Real Estate Inc.
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